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The exchange won rate has not stopped falling.The No Japan movement is a campaign to buy domestic products.Nothing will change under the chaebol economy.
South Korea's trade dependence on GDP is more than 70 percent, including the service sector.In other words, domestic demand is low and foreign exchange is directly affected.Even if foreign demand is received, it does not circulate at home and flows abroad.If the person who made the purchase contract increases the dollar by 5% at the time of payment, the payment will increase by 5%.The won-dollar exchange rate is 1,200 won, but it has been hovering around 1,200 won in recent days.
In order to maintain international competitiveness, chaebol companies such as SAMSUNG buy parts in bulk and produce them in bulk to reduce costs and sell them at low prices.In this case, large debts are always carried out and large payments are repeated, and problems arise when the value of the currency changes significantly during that period.This is the so-called default.Under these circumstances, the won's international credit rating has not increased, and South Korean companies can trade in dollars depending on the L/C of Japanese commercial banks.
South Korea experienced two foreign exchange crises in 1997 and 2008.No country will experience two foreign exchange crises in 10 years.In other words, South Korea's industrial form is vulnerable, and in short, it is trading beyond its currency capabilities.
Considering what Moon Jae In wants to do, the real intention is to socialize, control the currency, and stabilize the value of the won.Do you think the boycott is a campaign to buy domestic goods if it is reversed?
South Korea is listed by the FRB as a currency manipulator.
The reason why domestic demand is not expanding is the existence of chaebol companies.The role of chaebol companies in driving the Korean economy is important, but on the other hand, investment in chaebol companies is concentrated and other industries are not growing.In addition to the businesses run by chaebol companies, how can Korean companies grow globally?It can only be done with its own money without investment.
This structure will not change even if there is a boycott Japan.As a currency manipulator, even if it leaves the liberal economy, it will not change.It is necessary for the government to take the lead in fostering domestic demand and to attract investment in what industries to foster domestic small and medium-sized enterprises.The boycott Japan does not mean that South Korean domestic companies' sales will increase.
Moon Jae In's term of office is less than three months, and criticism from his country seems to be gathering.I think it's quite late from Japan view.
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The Korean won is falling.It exceeded 1,240 won. The reason that Japan must not make promises with the new Korean president prematurely .
The won fell to 1,243 won against the dollar.If the Fed raises interest rates in real terms, it will fall further.The main reason is that Russia's economic prospects are pessimistic. And Yoon Seok-yeol won the presidential election on March 9 and became president on May 10.Yoon called for strengthening the U.S.-South Korea alliance and mentioned the deployment of THAAD.China accounted for 24.8 percent of Korea's exports, twice as much as the U.S., the second largest exporter.When the Park Geun Hye administration decided to deploy THAAD, China imposed severe economic sanctions.China's economic sanctions are only pessimistic for investors, so Korean investment is likely to rise further and the won is likely to fall further.
Next time, South Korea will break its promise with China
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South Korea violates international law of the sea by not allowing the Japan Maritime Self-Defense Force the right of innocent passage - The Rising Sun flag is a reminder of the past.
The right of innocent passage is a right granted to United Nations member states
South Korea rejects the Japan Maritime Self-Defense Force because of the Rising Sun flag
Violation of China's territorial waters does not fall under innocent passage
Because it reminds me of the past...?
International law of the sea provides ships with the right of innocent passage. Even if ships are within the territorial waters of a coastal state, they may pass without obtaining prior permission from the coastal state, provided that the navigation is not considered harmful as stipulated in Article 19-2 of the United Nations Convention on the Law of the Sea. Thing. In this case, you will need to display the flag of your affiliation. It is a national flag or military ensign.
When considering the Rising Sun flag issue in terms of the meaning of this treaty, South Korea does not recognize the right of innocent passage to the Japanese Maritime Self-Defense Force, even though it has ratified the International Convention on the Law of the Sea. In other words, it is a violation of international law. On the other hand, Japan recognizes the right of innocent passage for Korean ships. The reason is that Japan has ratified the International Convention on the Law of the Sea.
In response to a question in the Diet about the relationship between Chinese ships repeatedly invading territorial waters around the Senkaku Islands and the right of innocent passage, the government decided in June 2021 that this does not constitute innocent passage as recognized under international law. expresses an opinion. The reason for this is that China claims sovereignty over the Senkaku Islands, which are part of Japan's territory, and that violating its territorial waters does not constitute innocent passage, but on the contrary, it is a violation of international law.
Has the South Korean government ever issued an official opinion regarding the Rising Sun flag and the right of innocent passage for Japanese ships, including those of the Japan Maritime Self-Defense Force? It should be released. Saying that you don't like it because it reminds you of the past is no basis for denying the right of innocent passage. This is because there is no such thing in Article 19-2 of the United Nations Convention on the Law of the Sea, which states that navigation is considered harmful.
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assumption of the division of A Korean journalist(Shinichi Nabe) explained, "Most Koreans want reunification," adding, "It is true that most Koreans want reunification".Next, "What if Japan were divided into East and West after the war?Don't you want to unify?It's the same as that".I sometimes hear such a remark.
As a Japanese, there are many cases where people are silent about such sudden questions, but they are always simply questions.For example, if Western Japan had repeatedly provoked its allies by communism, dictatorship, and nuclear weapons, the Japanese would not want reunification.The collapse of the system and the opening up of the people are all prerequisites.
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An Jung-geun's son An Jun-seong, who assassinated Ito Hirobumi. The reconciliation that took place at the Gyeongseong Chosun Hotel and the man named Kim Gu who could not be forgiven
I think everyone knows about Ito Hirobumi. He was assassinated at Harbin Station on October 26, 1909, the year before the Japan-Korea Annexation. The man who carried out the assassination was An Jung-geun. He is still a hero in Korea. On October 15, 1939, a certain person visited a temple called Hakubunji Temple in Korea, which no longer exists, to offer a memorial service. It was An Jung-geun's son, An Jun-seong. He visited as part of a Korean Peninsula Manchuria ship inspection team from Shanghai. The purpose was to offer a memorial service for Ito Hirobumi, who was murdered by his father, An Jung-geun.
The memorial service began at 11:00 and An Jung-geun's memorial tablet was placed next to Ito Hirobumi's portrait. An Jun-seong offered a memorial service for his father An Jung-geun and Ito Hirobumi, and Komada, who recited a sutra, handed An Jung-geun's memorial tablet to him and advised him to mourn the souls of the two men forever.
Afterwards, An Toshio told a reporter who had come to interview him. He lost his father at a young age and neglected to perform the rituals for 30 years. He now prays for the repose of Prince Ito's soul and is happy to receive his father's memorial tablet.
■english subtitles available
The next day, on the 16th, An Toshio headed to the Gyeongseong Chosun Hotel. He was there to meet someone. The person he was meeting was Ito Bunkichi, the son of Ito Hirobumi. In response to An Toshio's request to apologize to Ito Bunkichi, Ito Bunkichi replied: "Our father has already become a god, a Buddha, and returned to the sky." What do we need to apologize for now? Let's be sincere and serve our country instead.
Then, on the following day, the 17th, Ito Bunkichi and An Toshio visited Hakubunji Temple and performed an exchange memorial service for each other's fathers. In Korea, it is firmly believed that Ito Hirobumi was a proponent of the Seikanron, which is Japan's conquest and rule of Korea. Why does it have to be this way? It is thought that Koreans mistakenly believe that Ito was a proponent of the Japan-Korea Annexation because Ito was the governor-general of the Government-General of Korea. However, Ito Hirobumi was opposed to the Japan-Korea Annexation throughout.
An Jung-geun assassinated Ito Hirobumi without even knowing his face. In his autobiography, he clearly wrote that he did not know Ito's face. Ito was no longer the Prime Minister or the Governor-General at the time. He took responsibility for the failure of the policy of reconciliation with Korea and resigned. An Jung-geun shot and killed Ito Hirobumi at Harbin Station. An Jung-geun was arrested on the spot, and after being sentenced to death in court, he said in prison that he had made a serious mistake.
In 1939, An Jung-geun's son An Jun-seong held a memorial service for Ito at Hakubunji Temple, met with Ito's son Ito Bunkichi at the Chosun Hotel, apologized, and reconciled. Kim Gu, an independence activist, could not forgive this. At the time, Kim Gu was an important member of the anti-Japanese Provisional Government of the Republic of Korea, and the following year in 1940, he became its chairman. An Jun-seong ran a pharmacy in Shanghai, but Kim Gu framed An Jun-seong for the trumped-up charge of selling opium and asked Chiang Kai-shek, the head of the Republic of China at the time, to execute him. It seems that he was quite angry, but what does this mean? Kim Gu was furious that An Jung-geun's son apologized for the murder of his father, Ito Hirobumi, and that he spoke about it in front of the media. An Jung-geun must be a hero. He must be used as a hero for the anti-Japanese independence movement. This was the hope of the forces seeking independence.
In other words, to them, Ito Hirobumi is a proponent of the Japanese-Korean annexation, and should not be the subject of reconciliation. It is not that Koreans have misunderstood somewhere and think that Ito Hirobumi promoted the Japan-Korea annexation, but it is clearly fabricated by the system. The fact that Ito was against the annexation. That An Jung-geun did not even know what Ito looked like. That An Jung-geun said that the assassination was a serious mistake. The fact that the surviving family has already reconciled should not be known in Korea. And it can be said that even today, there are very few Koreans who know this fact. In order to keep An Jung-geun a hero, Ito Hirobumi will forever be a proponent of the Japanese-Korean annexation and an enemy of Korea.
On January 28, 2023, a survey by the Korea Cinema Ticketing Network announced that "Hero," a movie based on An Jung-geun, which was released on December 21 of the previous year, had exceeded 3 million viewers in the 38 days since its release. Three million people is about 5.8% of the population of South Korea.
